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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Class B Common Stock
Common Stock
Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Common Stock
Retained Earnings
Class B Common Stock
Accumulated Other Comprehensive Loss
Treasury Stock - Common Stock
Common Stock
Treasury Stock - Common Stock
Class B Common Stock
Beginning balance at Dec. 31, 2022 $ 1,115,388     $ 11,431 $ 1,633 $ 135,953 $ 1,112,462     $ (84,837) $ (60,845) $ (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 240,446           240,446          
Other comprehensive income (loss), net of tax 28,561                 28,561    
Dividends declared   $ (4,185) $ (502)         $ (4,185) $ (502)      
Ending balance at Jun. 30, 2023 1,379,708     11,431 1,633 135,953 1,348,221     (56,276) (60,845) (409)
Beginning balance at Mar. 31, 2023 1,234,253     11,431 1,633 135,953 1,230,589     (84,099) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 122,319           122,319          
Other comprehensive income (loss), net of tax 27,823                 27,823    
Dividends declared   (4,185) (502)         (4,185) (502)      
Ending balance at Jun. 30, 2023 1,379,708     11,431 1,633 135,953 1,348,221     (56,276) (60,845) (409)
Beginning balance at Dec. 31, 2023 1,435,598     11,431 1,633 135,953 1,352,111     (4,276) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 338,553           338,553          
Other comprehensive income (loss), net of tax (127)                 (127)    
Dividends declared   (4,185) (502)         (4,185) (502)      
Stock Repurchased During Period, Value [1] (574,143)                   (574,143)  
Ending balance at Jun. 28, 2024 1,195,194     11,431 1,633 135,953 1,685,977     (4,403) (634,988) (409)
Beginning balance at Mar. 29, 2024 1,601,186     11,431 1,633 135,953 1,517,852     (4,429) (60,845) (409)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 172,812           172,812          
Other comprehensive income (loss), net of tax 26                 26    
Dividends declared   $ (4,185) $ (502)         $ (4,185) $ (502)      
Stock Repurchased During Period, Value (574,143)                   (574,143)  
Ending balance at Jun. 28, 2024 $ 1,195,194     $ 11,431 $ 1,633 $ 135,953 $ 1,685,977     $ (4,403) $ (634,988) $ (409)
[1] The share repurchases relate to shares repurchased in a tender offer and a separate share repurchase obligation to The Coca‑Cola Company, both of which are further discussed in Note 2 below.